OSLO: Norway's Telenor said on Tuesday it expects its revenues and profit to be largely unchanged in 2021 from 2020 and that its large Asian operations will see a gradual market recovery from the pandemic in the second half of the year.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for October-December rose 0.9% year-on-year to 13.5 billion Norwegian crowns ($1.58 billion), while analysts in a poll on average had expected 13.8 billion crowns.